Austrian Airline Niki Likely to be Acquired by British Airways’ Parent IAG

By Paul Riegler on 29 December 2017
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DSC_0705British Airways’ parent International Airlines Group is likely to acquire Austrian airline Niki, sources said on Thursday.

Niki filed for bankruptcy protection after German carrier Lufthansa withdrew its offer to acquire the former subsidiary of Air Berlin after the acquisition was rejected by the European Commission as anti-competitive.

“IAG is the last remaining bidder and is still negotiating now,” an individual close to the negotiations told German news agency DPA. IAG had reportedly made the highest bid.

The airline was founded by former Formula One champion Niki Lauda in 2003, and was sold to Air Berlin in 2011. There were six bidders for the bankrupt airline earlier this month including Herr Lauda himself.

Niki ceased all operations on December 14, 2017. At one point, the low-cost carrier operated the world’s shortest international flight, Vienna, Austria to Bratislava, Slovakia.

(Photo: Accura Media Group)

Accura News

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